NEWELL RETIREMENT APARTMENTS INC (EIN 223865409) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

BARBARA HAWKINS

Phone

2103419133

Tax Period

2025-01-01 to 2025-12-31

NEWELL RETIREMENT APARTMENTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $452K in total revenue in fiscal year 2025. Expenses of $586K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO OWN AND OPERATE A 54 UNIT APARTMENT COMPLEX FOR THE ELDERLY UNDER THE HUD SECTION 202 PROGRAM WITH A PROJECT RENTAL ASSISTANCE CONTRACT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $450,686

Investment Income $1,129

Other Revenue $0

TOTAL REVENUE $451,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,574

Fundraising Expenses $0

Program Expenses $513,509

Other Expenses $446,442

TOTAL EXPENSES $586,016

Year-over-Year Comparison

	2025	2024	Change
Revenue	$451,815	$431,113	+0.0%
Expenses	$586,016	$566,467	+0.0%
Net Income	$-134,201	$-135,354	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA HAWKINS	PRESIDENT	N/A	Officer Director	$0	$0	$0
NATHAN HAWKINS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
FRANCES BOYNES	SECRETARY	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$451,815	$586,016	$2,193,961	$-134,201
2024	No data	No data	No data	No data
2023	$463,656	$532,856	$2,487,039	$-69,200
2022	$412,813	$477,977	$2,519,811	$-65,164
2021	$304,652	$417,589	$2,573,116	$-112,937
2020	$309,820	$453,705	$2,685,643	$-143,885
2019	$261,158	$365,788	$2,839,322	$-104,630

NEWELL RETIREMENT APARTMENTS INC